Private College Student Loan

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Summary: of record low interest rates during the 2004 fiscal year nearly $36 billion in federal consolidation loans were made Interest rates on the FFELP are set by statute as follows The lowest rates apply to Stafford Loans issued since July 1 1998 The rate on these variable rate loans resets each July 1st based upon 91 day Treasury bill rates In 2004 2005

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